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Sedona Arizona 86336 Homes For-Sale

Report 12/27/17

Sedona December Market Report

As you research the Sedona Homes For Sale and December Market Report, these are real time charts that tell us “How the market is doing”. See the definition of Market Action Index (MAI) above. Altos Research uses a complex algorithm to provide the MAI.

Sedona Information

Sedona 86336 is the heart of Sedona. There are two zip codes 86336 and 86351. These Market Reports will highlight 86336. In this zip code, you will find the majority of the shopping, entertainment, restaurants, and lodging. It also includes a couple of 5 star resorts and the camping areas and mountain style living in the Oak Creek area heading toward Flagstaff. Sedona 86336 is basically areas such as the Chapel area, Uptown, West Sedona, the Airport Mesa area and Red Rock Loop.

Characteristics By Quartile

December ’17 – Sedona AZ 86336 Homes For Sale

To learn more about these market reports please visit:

The Market Stats on my website.Reports are generated weekly on Mondays

Supply and Demand – Sedona 86336

Median Price

The Median Price is at $797,750. Last month was 825,000. There are 6 homes less priced over $1,000,000. Only the top 1 quartile continues to be in the 7 figure range. All the quartiles have decreased. The top 2 quartiles decreased the most at over $100,000 each on Median Price.

Interactive chart below will continue to show current market information

Inventory

The Inventory has been stagnant in December. The trends show that new inventory would be very welcome with buyers.

Interactive chart below will continue to show current market information

Days On Market

Days On Market – All but the bottom quartile have shown an increase. Because of the holidays, there is a natural slowdown in the market.

Interactive chart below will continue to show current market information

Market Action Index

The Market Action Index lost only one tenth, from November. 30 is the break even point between seller vs buyer advantage.

Interactive chart below will continue to show current market information

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MAI or Market Action Index answers the question “Hows the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller’s advantage. Below 30, conditions give the advantage to the buyer.

Bottom Line

The Sedona 86336 market is poised for a 2018 take off. The median price has dropped slightly, however this is December! Right now, I think that buying power has increased but this will not last as we head into the first quarter of 2018. Buyers should continue to look at Days on Market. The higher that number, the better chances that they may be able to negotiate a discount depending on the seller. If you find a home you really want, buy it! My best guess is pricing and negotiating power is going to be a hindrance for buyers moving forward.

Luxury Market

As of 12/31/17

The Sedona Luxury Real Estate Professionals which Sheri Sperry is a past-president of, defines the Luxury Market as the top 10% of the listings available. The Luxury Market is measured using 86336, and 86351 zip codes. The price point has decreased from $910,000 and is now at$865,000 for the top 10% of the market. This figure is based on the last 6 month’s of sold listings. The top 10% of active listings (which is different from sold listings) has moved lower from $1,750,000 to $1,675,000 in December. – This just gives you an idea of how the active market compares.

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To learn more about these market reports please visitSedonaMarketReports.comon my website or click on the MAP below for a quick look of each market. You can sign up for a weekly update right on the map by clicking the map marker.

*Please Note: As new listings hit the market and homes close or fall off, the number of Sedona homes for sale will fluctuate daily based on the Multiple Listing Service (MLS) detail. The local MLS for this area is Sedona Verde Valley Association of Realtors (SVVAR)

ABOUT ME:“Many buyers and sellers are skeptical about salespeople. So am I! But, I am not a typical salesperson. I put myself in your shoes and help you make decisions based on how I would want to proceed if I were you. In other words, what steps would I take and what is right for you? How will this transaction be beneficial for you? How will it help you move forward with your goals? How can I make it as smooth and pleasant as possible? What is in your best interests as we move forward?

Let’s face it, you won’t really know that I am not a typical salesperson until you get to know me. I am confident you will feel at ease and comfortable knowing I can find solutions for you. If you don’t feel that way, please let me know. I want to be the best I can for you.”

A paid subscription service is provided by SellSedona.com and Altos Research to determine “How the active market is doing”. This Market Report is for single family residential only. No other housing segment is being analyzed. Analysis of Market Research and trends are based on opinion, experience, past & current statistics and other information. It is deemed reliable but not guaranteed.

The data relating to real estate for sale on this website comes in part from the MLS. Listing broker has attempted to offer accurate data, but is not guaranteed accurate. All information presented is deemed reliable but not guaranteed.

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